FEPI vs QQQ
REX FANG & Innovation Equity Premium Income ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | FEPI | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.18% | |
| AUM | $695M | $496.3B | |
| Dividend Yield | 26.83% | 0.44% | |
| Holdings | 65 | 108 | |
| YTD Return | +6.00% | +16.23% | |
| 1Y Return | +16.44% | +26.23% | |
| 3Y Return (annualized) | - | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 16.4% | 30.6% | |
| Max Drawdown | -23.6% | -83.0% | |
| Fund Family | REX Shares | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 9, 2023 | Mar 10, 1999 |
FEPI vs QQQ Performance
REX FANG & Innovation Equity Premium Income ETF (FEPI) is a ETF from REX Shares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FEPI returned +16.44% while QQQ returned +26.23%. Year to date, FEPI is up 6.00% versus a gain of 16.23% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 16.4% for FEPI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -23.6% for FEPI and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FEPI charges 0.65% per year while QQQ charges 0.18%. On a $10,000 position that is $65 vs $18 annually, a gap of $47 per year that compounds over a long holding period. On income, FEPI currently yields 26.83% against 0.44% for QQQ.
Holdings Overlap
FEPI and QQQ share 14 holdings out of 104 unique holdings combined, representing a 50.4% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, FEPI or QQQ?
FEPI has an expense ratio of 0.65% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, FEPI or QQQ?
Over the past year FEPI returned +16.44% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), FEPI annualized +23.44% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, FEPI or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 16.4% for FEPI. Worst drawdown: FEPI -23.6% vs QQQ -83.0%.
Should I hold both FEPI and QQQ?
FEPI and QQQ have a monthly-return correlation of 0.91, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FEPI and QQQ?
FEPI and QQQ share 14 common holdings with a 50.4% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, FEPI or QQQ?
FEPI yields 26.83% while QQQ yields 0.44%, so FEPI currently pays the higher dividend yield.
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